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169 Cascade Lake Street Las Vegas, NV 89148

4 Beds 4 Baths 3,470 sqft Built 2001

$599,900

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $172.88
  • 3 Days on Market
  • MLS # : 2259315
  • Updated Date : 01/08/2021 at 21:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,470 sqft
  • Baths : 3 full , 1 half
Listing Agent

Am Realty

Listing Agent's Description

Immaculate 2 Story in GOLF COURSE /RECREATION/POOL COMMUNITY. Modern and updated 4 bedrooms ,3 Full baths and ½ bath, 2 Lofts, 2 staircase, 2 Fireplace with Vaulted ceiling. Open Entry way with Double Glass doors, Custom Kitchen with spacious Island, cabinets w/commercial grade stove/oven, oversized vent hood, subzero, dishwasher, wine refridge, and much more. Open Family Room has fireplace and surround sound. Beautiful custom shutters and ceiling fans thru out. Primary Bedroom leads to private LOFT upstairs w/fireplace. Primary full bath downstairs includes: Steam shower, vanity tub w/chandler, dual sinks, and custom built in closets. Laundry room with sink and cabinets downstairs. Life Source water filter, custom closets/cabinets thru-out the home. 3 Garage has epoxy and Low maintenance mature landscape front and back. Over $90K in remodel too many to mention.

SEE MORE

MARKET HIGHLIGHTS

  • A $7.5 billion mixed-use 6-year project known as Bleutech Park Las Vegas is starting in December 2019. The project will incorporate environmental and technological features such as water purification, on-site waste treatment and localized air cleaning. Described as an “insular mini-city,” the plan calls for use of autonomous vehicles, AI, augmented reality, robotics and other advanced technologies. (reBusinessOnline - France Media, 2019)
  • Las Vegas metro's major employers include: MGM Resorts International, Caesars Entertainment Corporation, Stations Casinos, LLC., Wynn Resorts, Boyd Gaming Corporation, Las Vegas Sands Corporation, Walmart Stores, Cosmopolitan of Las Vegas, The Valley Health System and Supervalu (Las Vegas Sun, 2019)
  • Las Vegas metro's economy was worth $124.9 billion in Gross Metro Product in 2018 and projected to grow to $133.2 billion in 2019 (USMayors.org, 2018)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
  • Las Vegas metro has 61.2% labor force participation rate (USMayors.org, 2018)
  • Las Vegas metro's employment growth was at 2.6% in 2018 and predicted to grow at the rate of 1.7% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k339k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10551829

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Don And Dee Snyder Elementary School Primary Unknown NA
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Don And Dee Snyder Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$539,910$659,890$599,900

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$2,084
Property Tax -$384
Property Insurance -$94
Property Management Fees -$119
CASH FLOW
$169

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$599,900

PROJECTED PRICE

$2,850

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$54,739

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,850

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,880

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,695
1$2,6952$2,8003$2,8504$2,9405$3,000
$3,000
RENT COMPS ANALYSIS
  • 169 Cascade Lake Street Las Vegas, NV 3
    • 4 beds 4 baths ∙ 3,470 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,470 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.82
    •  
  • 41 Chateau Whistler Las Vegas, NV 1
    • 5 beds 5 baths ∙ 3,433 Sqft ∙ Built 2002 5 beds 5 baths ∙ 3,433 Sqft ∙ Built 2002
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.79
    •  
  • 45 Misty Springs Court Las Vegas, NV 2
    • 5 beds 4 baths ∙ 3,407 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,407 Sqft ∙ Built 2001
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.82
    •  
  • 54 Tamarron Cliffs Street Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,470 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,470 Sqft ∙ Built 2001
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,940
    • $0.85
    •  
  • 59 Big Creek Court Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,470 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,470 Sqft ∙ Built 2001
    property image
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.86
    •  
PROPERTY LISTING DETAILS
Tammy Truong
1.702.518.2151
Am Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2259315
Last Updated: 01/08/2021
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